BMO Capital Affirms Market Perform on Lithium Americas (LAC) amid Thacker Pass Project Progress
A close up image of a technician changing a battery cell in a lithium-based battery.
The large lithium mining and processing operation in Nevada is in the early stages of development. Labor requirements are the key risk factor as Lithium Americas must increase staffing to accelerate the Thacker Pass Project development.
Lithium Americas remains optimistic about securing its first Department of Energy load drawdown in the third quarter as part of its partnership with General Motors (NYSE:GM). The drawdown should strengthen the company's financial position and provide access to much-needed capital to accelerate the development of the Thacker Pass Project.
Lithium Americas Corp. (NYSE:LAC) is focused on the development of the Thacker Pass project in Nevada. The project aims to produce battery-grade lithium carbonate, to contribute to a domestic lithium supply chain.
While we acknowledge the potential of LAC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 Most Popular AI Penny Stocks to Buy According to Billionaires and 10 Best Defensive Stocks to Buy in a Volatile Market.
Disclosure: None. This article is originally published at Insider Monkey.
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